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Branding
Branding is your business.
This is one of the fundamental axioms of our consulting
practice.
When any business
leader wakes up and goes to work, especially the CEO, his or her
job is to managing the brand. This might be a broader view
of branding than you are used to hearing, but here is the logic.
What is a Brand?
First of all, a Brand is not
the symbols of the brand. It is not the logo, the ads,
a character or even the brand name. Those are only symbols of the
brand. What is a brand then?
Your brand is a perception
that exists in the minds of your
constituents about your relevance and promise of value. Your
Brand is the sum total of the impressions formed through exposure
to your TouchPoints.
We believe that this definition of Branding
is the definitive one. Those two sentences have taken years
to craft and perfect, but we think this definition is the most
useful view of Branding that a business can take.
What
is Branding?
Where a Brand is a noun,
a
thing, a perception in someone's mind, Branding is a verb, and action, in fact,
it is "the" action of business. Here is our
definition of Branding:
Branding is the proactive
attempt to shape your constituents perceptions to some specific
end through the purposeful use of TouchPoints.
Every action a
business takes is designed to make your constituents, your
customers, your consumers, your investors, your employees, your
analyst, think a certain way so they will take some specific
action (typically to buy, invest, work harder, etc.).
So everything
a company does from what tissues they place in the bathroom
to what components they source for the product, to how they
answer the phone influences how people thing and how they
act.
Ergo, Branding
is your Business.
There are two important
principles of effective Branding: Alignment and
Direction.
The
Principle of Alignment
Alignment is the concept that
IF all the TouchPoints that affect the brand perception are not in alignment you will
foster a murky view of the brand. If
the TouchPoints can be aligned then you can achieve a much more
powerful and consistent synergistic perception and in turn more
effective control over their actions.
The
Principle of Direction
Getting the TouchPoints in
alignment is a daunting task, but in which direction should they
be aligned. That is the BrandPoint, the place where you want
to the customer to go. The point of the Brand. Or the
perception you would like them to hold to engender the action
you would like them to take. This is what some people call
your vision
or mission or strategy. This is what Jim Collins calls a
"Hedgehog" concept in his landmark book, Good to Great.
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